The stocks up the strongest today are the ones with the highest short interest. It started last week as TSLA and GMCR beat earnings estimates and kicked off a round of short squeezes. It has ignited stocks like DDD, NFLX, SPWR, THRX, and JCP. This is your 2013 market. Funds are hand picking highly shorted stocks to start short squeezes and relentlessly bidding up the stock to put the shorts under extreme pressure.
The shorts are really feeling the heat right now and I can see that they are being forced to liquidate positions in order to survive. Fundamentals don't matter at this point, its all a shooting parlor, trying to attack the weakest hands.
skip to main |
skip to sidebar
Twitter Feed
Blog Archive
Search This Blog
Stock Twits
Posts
Followers
Favorite Books
About Me
Disclaimer
The information contained on this website and from any communication related to the author's blog is for informational purposes only. The analysis and commentary do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading or investment strategy. The materials on this website do not constitute an offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
No comments:
Post a Comment